Sin­ga­pore’s CPI falls for 23rd month

Sin­ga­pore’s Con­sumer Price In­dex fell by 0.2 per­cent in Septem­ber year-on-year, the 23rd straight month of de­cline, ac­cord­ing to the lat­est data jointly re­leased by Min­istry of Trade and In­dus­try and the Mon­e­tary Author­ity of Sin­ga­pore on Mon­day. CPI-All Items in­fla­tion dropped 0.2 per­cent year-on-year in Septem­ber, com­pared with a 0.3 per­cent de­crease in Au­gust. This mainly re­flected a smaller de­cline in pri­vate road trans­port costs, and to a lesser ex­tent higher food in­fla­tion. The MTI and MAS said pri­vate road trans­port costs fell by 0.4 per­cent, mod­er­at­ing from the 1.0 per­cent de­cline in the pre­ced­ing month, largely on ac­count of a smaller drop in petrol prices.